Oman Housing Bank selects Temenos for core banking upgrade
The OHB offers government-subsidised housing loans to low and middle income groups.
Middle East
First Abu Dhabi Bank partners Microsoft to develop new AI-powered banking capabilities
Banking-as-a-Service and Risk-as-a-Service have been cited as two “potential areas of collaboration”.
Missouri’s Central Bank taps Personetics for AI-powered money management solution
The bank is looking to expand its digital financial wellness offerings for its retail customers.
Mobile banking app for kids and teens, Cashee, to launch in Saudi Arabia
Cashee will provide a free banking app and a prepaid Visa card, issued by Arab National Bank (ANB).
ICYMI fintech funding round-up: Theia Insights, Lettuce, StackOne, Synnax and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Egypt’s Alexbank partners Mastercard to advance payments strategy
The partnership will focus on expanding Alexbank’s acquiring business and credit card base.
Qatar Central Bank to enable instant payments with new Fawran service
Fawran is due to launch in March and forms part of the bank’s Third Financial Sector strategy, announced last year.
ICYMI fintech funding round-up: Embat, Slice, NayaOne, MoneyHash and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Raqami Islamic Digital Bank in Pakistan partners Codebase Technologies for Digibanc platform
Raqami was granted in-principle approval to operate digital financial services in the country last year.
UAE start-up Dunes Financial acquires Be Mobile Africa’s tech assets
Be Mobile Africa’s CEO says the “sale of non-financial assets injects vital financial resources” into the firm.
Abu Dhabi Islamic Bank digitises cross-border services with ProgressSoft
The UAE-based bank has integrated the vendor’s PS-PayHub platform.
Personetics appoints Udi Ziv as new CEO as co-founder David Sosna steps down
Ziv has previously been CEO at Kissterra, Earnix and Pontis in recent years.
ICYMI fintech funding round-up: Fordefi, Mia Share, Kema, Coba and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US Bank partners Pagaya Technologies for inclusive lending with AI
The bank is to instate Pagaya’s AI tech within its Simple Loan function.
How to choose the right 3D Secure software – an issuer’s guide
A comprehensive guide to ensure you make the best decision when it comes to implementing 3D Secure technology.
Pagaya secures five-year $280m credit facility led by BlackRock
The new facility consists of a $255 million term loan and a $25 million revolver.
Commercial Bank of Kuwait to upgrade its payment systems with new Network International partnership
CBK projects that the collaboration will “significantly enhance” its payment operations and continued shift to digital.
Emirates NBD partners Silent Eight to bolster compliance operations
The banking group says the partnership will enhance its compliance efficiency.
Kriya announces new £50m funding facility from Viola Group
Kriya aims to use the facility to enhance its offerings for B2B retailers.
Kurdistan International Islamic Bank taps Azentio for iMAL core banking platform
The bank will also utilise Azentio’s financial crime management and anti-money laundering (AML) system.
ICYMI fintech funding round-up: Safty, Ozone API, WealthKernel and Karty
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Paymob lands PSP licence from Oman’s central bank
Paymob now claims to be the first international fintech company to be fully licenced in Oman.
ICYMI fintech funding round-up: KlariVis, Komunal, Maalexi, Cleva & CSI
A handy round-up of the recent funding endeavours of fintech companies across the globe.
National Bank of Oman partners PayMate to modernise B2B payments
Using PayMate’s tech, NBO plans to digitise, streamline and automate its B2B payment processes.
National Bank of Iraq and Capital Bank of Jordan overhaul core banking with Temenos
The two institutions have gone live with the vendor’s Temenos Transact core banking solution.
Saudi fintech start-up Tameed raises $15m Series A
The firm says it will use the funding to “meet the increasing demand” for its digital lending products.
ICYMI fintech funding round-up: Fiat Republic, Hakbah, Payble and Spare
A handy round-up of the recent funding endeavours of fintech companies across the globe.
BNPL fintech Tabby lands $700m debt facility from JP Morgan
Tabby has also extended its Series D funding round by $50 million to a total of $250 million.
BCFC launches lending app in Bahrain powered by Codebase Technologies and Atyaf eSolutions
The companies first announced their partnership in August 2022.
Demystify Podcast: Demystifying Saudi fintech with Naif AbuSaida, founder & CEO of Hakbah
Dave and Dharm welcome Naif AbuSaida, CEO and founder of Hakbah, a Saudi Arabian fintech focused on group savings.
Saudi BNPL fintech Tamara lands $340m Series C funding at $1bn valuation
Tamara says the Series C is “among the largest investments in a fintech company in the region”.
ICYMI fintech funding round-up: Nearpay, Supra, Hyperplane and Pave Bank
Our weekly round-up for you to get the latest fintech funding news from around the world.
Qatar’s Lesha Bank upgrades to Temenos’ latest core banking platform
Temenos says its Transact R23 platform will enable Lesha Bank to accelerate digital initiatives.
Saudi business lending marketplace Lendo gears up for IPO with $28m Series B
Lendo has announced it plans to pursue an IPO “within the next few years”.
US fintech Pontera secures $60m in fresh funding round led by new investor Iconiq Growth
This latest investment brings Pontera’s total funding to date to $160 million.
Bravura Solutions appoints APAC and EMEA CEOs as part of new leadership structure
The company has promoted Paul Dunn to CEO, APAC and Chris Spencer to CEO, EMEA.
UAE fintech start-up Flow48 lands $25m pre-Series A funding
Founded in 2022 by Idriss Al Rifai, Flow48 provides revenue-based financing to SMEs.
JP Morgan receives approval from ADGM to upgrade licence, plots UAE expansion
The US banking giant is aiming to boost its presence and service offerings in the UAE.
Wealthtech start-up Alpheya receives investment from BNY Mellon and Lunate
Based in the ADGM, UAE, Alpheya will build a wealthtech platform for the MENA region, with plans to launch in 2024.
Mashreq taps Visa and Ecolytiq to launch climate banking platform
The platform uses transaction data to produce carbon footprint analytics.
